Global Virtual Power Plant Market Size, Share, Growth & Trends Analysis Report By Technology (Distribution Generation, Demand Response) By End User (Industrial, Residential,Commercial) And Regional Market Intelligence & Forecast, 2019-2026
Date: Sep-2019 | Id: MACRC-0012 | Geographical Scope: Global | Publisher: MACRC
Introduction
A Virtual Power Plant is a decentralized, medium-sized power generation network, such as Combined Heat and Power (CHP) units, solar parks, wind farms, as well as flexible energy users and batteries. The interconnected systems are delivered through the Virtual Power Plant's central control room, but their operation and ownership remain independent. A Virtual Power Plant's main objective is to relieve the grid load by smartly distributing the power generated during peak load periods by the individual units. In addition, the combined power generation and power consumption of the Virtual Power Plant networked units are traded on the exchange of energy.
The objective of a virtual power plant is to integrate many renewable energy units in existing energy systems. It also offers flexibility from all networked units (e.g. ramping up and down power generation and short notice power consumption for frequency control). In addition, power traders in a Virtual Power Plant can use live data to improve renewable energy forecasting and trading. As a result, Virtual Power Plants rapidly assume the role of traditional power plants–selling output on wholesale markets and taking responsibility for a balanced grid.
Market Dynamics
With the increasing use of residential energy storage systems and inflating penetration of smart grid technologies, the world virtual power plant market is expected to be boosted for greater growth. End users can benefit from power savings and energy efficiency with a higher grid distribution system value made possible through a comprehensive collection of distributed energy resources. Instability and healthy safety concerns on the part of smart meter radio frequency emissions could control demand on the virtual power plant market around the world. However, radio frequency emissions from smart meters are already included within U.S. limits. Commission for Federal Communications (FCC).
In addition, from various enabling technology and end-use customer segments, the world's virtual power plant market could gain a telling impetus. The growing infrastructure industry is forecast to contribute to the global demand for virtual plants during the 2018-2026 period. Customer engagement-related incentive programs and government initiatives and mandates are expected to intensify growth in the virtual power plant market worldwide. It is anticipated that a colossal number of residences will accumulate a significant and faster increase for the world virtual power plant market due to extensive use in distributed generation, demand for energy storage systems, and participation in demand response programs.
Regional Outlook
In the international virtual power plant market for industrial and infrastructure sectors, Asia Pacific is predicted to be the largest growing geographic segment. This could be due to a number of confident steps that governments like India have taken to produce clean energy, including solar, wind, hydro, and other renewable energies, and minimize carbon footprint. In emerging countries, the international virtual power plant market is expected to benefit from the growing use of mixed asset technology. For example, windmills are being investigated to find integration with Indian hydro pump storage systems to store energy in off-peak times. India is also expected to equip 100 smart cities and 10,000 villages with micro grids by 2027 while following its smart grid roadmap. On the other hand, North America could dominate the international virtual power plant market with widespread application in both residential and industrial and commercial sectors.
Market Segmentation
On the Basis of Technology
• Distribution Generation
• Demand Response
On the Basis of End-User
• Industrial
• Residential
• Commercial
On the Basis of Regions
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Key Players
Major Key players operating in the global virtual power plant market are AutoGrid Systems Inc., Sunverge Energy Inc., Blue Pillar, Enbala Power Networks, Flexitricity, ABB Ltd., AGL Energy Limited (AGL), EnerNoc Inc., Limejump Ltd, ENGIE Storage Services NA LLC, Robert Bosch, General Electric, Schneider Electric SE, Siemens AG., and others.
Key questions addressed by the report:
A Virtual Power Plant is a decentralized, medium-sized power generation network, such as Combined Heat and Power (CHP) units, solar parks, wind farms, as well as flexible energy users and batteries. The interconnected systems are delivered through the Virtual Power Plant's central control room, but their operation and ownership remain independent. A Virtual Power Plant's main objective is to relieve the grid load by smartly distributing the power generated during peak load periods by the individual units. In addition, the combined power generation and power consumption of the Virtual Power Plant networked units are traded on the exchange of energy.
The objective of a virtual power plant is to integrate many renewable energy units in existing energy systems. It also offers flexibility from all networked units (e.g. ramping up and down power generation and short notice power consumption for frequency control). In addition, power traders in a Virtual Power Plant can use live data to improve renewable energy forecasting and trading. As a result, Virtual Power Plants rapidly assume the role of traditional power plants–selling output on wholesale markets and taking responsibility for a balanced grid.
Market Dynamics
With the increasing use of residential energy storage systems and inflating penetration of smart grid technologies, the world virtual power plant market is expected to be boosted for greater growth. End users can benefit from power savings and energy efficiency with a higher grid distribution system value made possible through a comprehensive collection of distributed energy resources. Instability and healthy safety concerns on the part of smart meter radio frequency emissions could control demand on the virtual power plant market around the world. However, radio frequency emissions from smart meters are already included within U.S. limits. Commission for Federal Communications (FCC).
In addition, from various enabling technology and end-use customer segments, the world's virtual power plant market could gain a telling impetus. The growing infrastructure industry is forecast to contribute to the global demand for virtual plants during the 2018-2026 period. Customer engagement-related incentive programs and government initiatives and mandates are expected to intensify growth in the virtual power plant market worldwide. It is anticipated that a colossal number of residences will accumulate a significant and faster increase for the world virtual power plant market due to extensive use in distributed generation, demand for energy storage systems, and participation in demand response programs.
Regional Outlook
In the international virtual power plant market for industrial and infrastructure sectors, Asia Pacific is predicted to be the largest growing geographic segment. This could be due to a number of confident steps that governments like India have taken to produce clean energy, including solar, wind, hydro, and other renewable energies, and minimize carbon footprint. In emerging countries, the international virtual power plant market is expected to benefit from the growing use of mixed asset technology. For example, windmills are being investigated to find integration with Indian hydro pump storage systems to store energy in off-peak times. India is also expected to equip 100 smart cities and 10,000 villages with micro grids by 2027 while following its smart grid roadmap. On the other hand, North America could dominate the international virtual power plant market with widespread application in both residential and industrial and commercial sectors.
Market Segmentation
On the Basis of Technology
• Distribution Generation
• Demand Response
On the Basis of End-User
• Industrial
• Residential
• Commercial
On the Basis of Regions
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Key Players
Major Key players operating in the global virtual power plant market are AutoGrid Systems Inc., Sunverge Energy Inc., Blue Pillar, Enbala Power Networks, Flexitricity, ABB Ltd., AGL Energy Limited (AGL), EnerNoc Inc., Limejump Ltd, ENGIE Storage Services NA LLC, Robert Bosch, General Electric, Schneider Electric SE, Siemens AG., and others.
Key questions addressed by the report:
- What are the major factors driving the virtual power plant market growth?
- Which region is the largest growing geographic segment?
- Which region is the dominating the international virtual power plant market?
- Who are the major market players operating in the virtual power plant market
CHAPTER 1. INDUSTRY OVERVIEW 1.1. Definition and Scope 1.1.1. Definition of Virtual Power Plant Market 1.1.2. Market Segmentation 1.1.3. Key Research Objectives 1.1.4. Research Highlights 1.2. Assumptions and Research Methodology 1.2.1. Research Methodology 1.2.2. Research Assumptions 1.2.3. Secondary Research 1.2.4. Primary Research 1.2.5. Abbreviations & Research Terminology 1.3. Executive Summary 1.3.1. Introduction 1.3.2. Market Dynamics 1.3.3. Virtual Power Plant Market By Technology 1.3.3.1. Global Virtual Power Plant Market Size and Growth Rate By Technology (2015-2026) 1.3.3.2. Distribution Generation 1.3.3.3. Demand Response 1.3.4. Virtual Power Plant Market By End-User 1.3.4.1. Global Virtual Power Plant Market Size and Growth Rate By End-User (2015-2026) 1.3.4.2. Industrial 1.3.4.3. Residential 1.3.4.4. Commercial 1.3.5. Virtual Power Plant Market by Geography 1.3.5.1. Global Virtual Power Plant Market Size and Growth Rate by Geography (2015-2026) 1.3.5.2. North America Virtual Power Plant Market Size and Growth Rate (2015-2026) 1.3.5.3. Europe Virtual Power Plant Market Size and Growth Rate (2015-2026) 1.3.5.4. Asia-Pacific Virtual Power Plant Market Size and Growth Rate (2015-2026) 1.3.5.5. Latin America Virtual Power Plant Market Size and Growth Rate (2015-2026) 1.3.5.6. Middle East and Africa (MEA) Virtual Power Plant Market Size and Growth Rate (2015-2026) CHAPTER 2. MARKET OVERVIEW 2.1. Market Drivers 2.2. Restraints and Challenges 2.3. Growth Opportunities 2.4. Porter’s Five Forces Analysis 2.4.1. Bargaining Power of Suppliers 2.4.2. Bargaining Power of Buyers 2.4.3. Threat of Substitute 2.4.4. Threat of New Entrants 2.4.5. Degree of Competition 2.5. Value/ Supply Chain Analysis 2.5.1. Raw Materials Sources 2.5.2. List of Customers 2.6. Patent and Regulatory Compliance 2.7. Competitive Landscape, 2018 2.7.1. Player Positioning Analysis (Ranking-wise) 2.7.2. Key Strategies Adopted By Leading Players 2.7.3. Capacity and Commercial Production CHAPTER 3. VIRTUAL POWER PLANT MARKET BY TECHNOLOGY 3.1. Global Virtual Power Plant Market Revenue By Technology 3.2. Distribution Generation 3.2.1. Market Size and Growth Rate, 2015 - 2026 ($Million) 3.2.2. Market Size and Growth , By Region, 2015 - 2026 ($Million) 3.3. Demand Response 3.3.1. Market Size and Growth Rate, 2015 - 2026 ($Million) 3.3.2. Market Size and Growth , By Region, 2015 - 2026 ($Million) CHAPTER 4. VIRTUAL POWER PLANT MARKET BY End-User 4.1. Global Virtual Power Plant Market Revenue By End-User 4.2. Industrial 4.2.1. Market Size and Growth Rate, 2015 - 2026 ($Million) 4.2.2. Market Size and Growth , By Region, 2015 - 2026 ($Million) 4.3. Residential 4.3.1. Market Size and Growth Rate, 2015 - 2026 ($Million) 4.3.2. Market Size and Growth , By Region, 2015 - 2026 ($Million) 4.4. Commercial 4.4.1. Market Size and Growth Rate, 2015 - 2026 ($Million) 4.4.2. Market Size and Growth , By Region, 2015 - 2026 ($Million) CHAPTER 5. NORTH AMERICA VIRTUAL POWER PLANT MARKET BY COUNTRY 5.1. North America Virtual Power Plant Market Size and Growth Rate, 2015 - 2026 ($Million) 5.2. North America Virtual Power Plant Market Revenue Share Comparison, 2015 & 2026 (%) 5.3. U.S. 5.3.1. U.S. Virtual Power Plant Market Size and Growth By Technology, 2015 - 2026 ($Million) 5.3.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) 5.4. Canada 5.4.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 5.4.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) 5.5. Mexico 5.5.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 5.5.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) CHAPTER 6. EUROPE VIRTUAL POWER PLANT MARKET BY COUNTRY 6.1. Europe Virtual Power Plant Market Size and Growth Rate, 2015 - 2026 ($Million) 6.2. Europe Virtual Power Plant Market Revenue Share Comparison, 2015 & 2026 (%) 6.3. UK 6.3.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 6.3.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) 6.4. Germany 6.4.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 6.4.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) 6.5. France 6.5.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 6.5.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) 6.6. Spain 6.6.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 6.6.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) 6.7. Rest of Europe 6.7.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 6.7.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) CHAPTER 7. ASIA-PACIFIC VIRTUAL POWER PLANT MARKET BY COUNTRY 7.1. Asia-Pacific Virtual Power Plant Market Size and Growth Rate, 2015 - 2026 ($Million) 7.2. Asia-Pacific Virtual Power Plant Market Revenue Share Comparison, 2015 & 2026 (%) 7.3. China 7.3.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 7.3.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) 7.4. Japan 7.4.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 7.4.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) 7.5. India 7.5.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 7.5.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) 7.6. Australia 7.6.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 7.6.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) 7.7. South Korea 7.7.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 7.7.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) 7.8. Rest of Asia-Pacific 7.8.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 7.8.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) CHAPTER 8. LATIN AMERICA VIRTUAL POWER PLANT MARKET BY COUNTRY 8.1. Latin America Virtual Power Plant Market Size and Growth Rate, 2015 - 2026 ($Million) 8.2. Latin America Virtual Power Plant Market Revenue Share Comparison, 2015 & 2026 (%) 8.3. Brazil 8.3.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 8.3.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) 8.4. Argentina 8.4.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 8.4.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) 8.5. Rest of Latin America 8.5.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 8.5.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) CHAPTER 9. MIDDLE EAST VIRTUAL POWER PLANT MARKET BY COUNTRY 9.1. Middle East Virtual Power Plant Market Size and Growth Rate, 2015 - 2026 ($Million) 9.2. Middle East Virtual Power Plant Market Revenue Share Comparison, 2015 & 2026 (%) 9.3. Saudi Arabia 9.3.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 9.3.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) 9.4. UAE 9.4.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 9.4.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) 9.5. Rest of Middle East 9.5.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 9.5.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) CHAPTER 10. AFRICA VIRTUAL POWER PLANT MARKET BY COUNTRY 10.1. Africa Virtual Power Plant Market Size and Growth Rate, 2015 - 2026 ($Million) 10.2. Africa Virtual Power Plant Market Revenue Share Comparison, 2015 & 2026 (%) 10.3. South Africa 10.3.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 10.3.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) 10.4. Egypt 10.4.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 10.4.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) 10.5. Rest of Africa 10.5.1. Market Size and Growth By Technology, 2015 - 2026 ($Million) 10.5.2. Market Size and Growth By End-User, 2015 - 2026 ($Million) CHAPTER 11. COMPANY PROFILE 11.1. AutoGrid Systems Inc. 11.1.1. Company Snapshot 11.1.2. Financial Overview 11.1.3. Product Portfolio 11.1.4. SWOT Analysis 11.1.5. Recent Development 11.2. Sunverge Energy Inc. 11.2.1. Company Snapshot 11.2.2. Financial Overview 11.2.3. Product Portfolio 11.2.4. SWOT Analysis 11.2.5. Recent Development 11.3. Blue Pillar 11.3.1. Company Snapshot 11.3.2. Financial Overview 11.3.3. Product Portfolio 11.3.4. SWOT Analysis 11.3.5. Recent Development 11.4. Enbala Power Networks 11.4.1. Company Snapshot 11.4.2. Financial Overview 11.4.3. Product Portfolio 11.4.4. SWOT Analysis 11.4.5. Recent Development 11.5. Flexitricity 11.5.1. Company Snapshot 11.5.2. Financial Overview 11.5.3. Product Portfolio 11.5.4. SWOT Analysis 11.5.5. Recent Development 11.6. ABB Ltd. 11.6.1. Company Snapshot 11.6.2. Financial Overview 11.6.3. Product Portfolio 11.6.4. SWOT Analysis 11.6.5. Recent Development 11.7. AGL Energy Limited (AGL) 11.7.1. Company Snapshot 11.7.2. Financial Overview 11.7.3. Product Portfolio 11.7.4. SWOT Analysis 11.7.5. Recent Development 11.8. EnerNoc Inc. 11.8.1. Company Snapshot 11.8.2. Financial Overview 11.8.3. Product Portfolio 11.8.4. SWOT Analysis 11.8.5. Recent Development 11.9. Limejump Ltd. 11.9.1. Company Snapshot 11.9.2. Financial Overview 11.9.3. Product Portfolio 11.9.4. SWOT Analysis 11.9.5. Recent Development 11.10. Robert Bosch 11.10.1. Company Snapshot 11.10.2. Financial Overview 11.10.3. Product Portfolio 11.10.4. SWOT Analysis 11.10.5. Recent Development 11.11. Others 11.11.1. Company Snapshot 11.11.2. Financial Overview 11.11.3. Product Portfolio 11.11.4. SWOT Analysis 11.11.5. Recent Development CHAPTER 12. APPENDIX 12.1. Questionnaire 12.2. Recent Trade Exhibitions, Blogs etc. Brief Overview
Related reports
Global Micro-Inverter Market Report
$2640-$4521